Question
A coupon bond that pays interest annually has a par value of $1000, matures in 3 years, and has a yield to maturity of 6%.
A coupon bond that pays interest annually has a par value of $1000, matures in 3 years, and has a yield to maturity of 6%. If the coupon rate is 6.5%, the value of the bond today will be __________.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
